You are using an old version of your web browser.

Please note that the website might not function correctly using an outdated browser. We recommend updating your browser or using another one.

This site uses cookies to offer you the best user experience. By continuing browsing this site you agree to the use of cookies. Alternatively you may change your browser settings. For further information, please read our Privacy Notice.

Sampo has received the approval for the termination of FICO

Stock Exchange Release - 21 Oct 2019 at 12:00 PM

As announced on 7 August 2019, Sampo plc distributed an extra dividend in the form of Nordea Bank Abp shares. As a result of the distribution, Sampo’s ownership in Nordea decreased below 20 percent and Sampo filed an application with the Finnish Financial Supervisory Authority for the termination of the Financial and Insurance Conglomerate (FICO) rules.

The Finnish Financial Supervisory Authority has today approved the application. Henceforth, Sampo Group’s solvency will be calculated only by the Solvency II rules.

Sampo Group is made up of the parent company Sampo plc and its subsidiaries If P&C, Mandatum Life and Topdanmark. Nordea, the Nordic banking group and Nordax, a leading niche bank in Northern Europe operating in consumer lending market, are Sampo plc's associated companies.